Brokerages Set Ingram Micro Holding Corporation (NYSE:INGM) Price Target at $25.11

Shares of Ingram Micro Holding Corporation (NYSE:INGM) have earned a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $25.1111.

Several research analysts have recently weighed in on the company. Raymond James Financial lowered their target price on Ingram Micro from $26.00 to $24.00 and set an “outperform” rating on the stock in a report on Thursday, August 7th. Zacks Research upgraded Ingram Micro from a “strong sell” rating to a “hold” rating in a report on Friday, August 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Ingram Micro in a report on Tuesday, November 25th. Finally, Wall Street Zen raised shares of Ingram Micro from a “hold” rating to a “buy” rating in a research note on Friday, September 5th.

Ingram Micro Stock Up 0.3%

Shares of INGM opened at $21.41 on Friday. The stock has a 50 day moving average price of $21.41 and a 200 day moving average price of $20.55. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 1.41. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of 17.41, a PEG ratio of 0.84 and a beta of 2.36. Ingram Micro has a one year low of $14.25 and a one year high of $24.81.

Ingram Micro (NYSE:INGM) last released its earnings results on Thursday, October 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. The business had revenue of $12.60 billion during the quarter, compared to analyst estimates of $12.21 billion. Ingram Micro had a net margin of 0.57% and a return on equity of 17.03%. Ingram Micro has set its Q4 2025 guidance at 0.850-0.950 EPS. Equities research analysts forecast that Ingram Micro will post 2.71 earnings per share for the current fiscal year.

Ingram Micro Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 10th were given a $0.08 dividend. This is an increase from Ingram Micro’s previous quarterly dividend of $0.08. This represents a $0.32 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Monday, November 10th. Ingram Micro’s dividend payout ratio (DPR) is presently 26.02%.

Institutional Trading of Ingram Micro

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Pullen Investment Management LLC boosted its position in shares of Ingram Micro by 36.1% during the second quarter. Pullen Investment Management LLC now owns 92,508 shares of the company’s stock worth $1,928,000 after buying an additional 24,531 shares during the period. AXQ Capital LP acquired a new position in Ingram Micro during the 2nd quarter worth about $432,000. Public Employees Retirement System of Ohio boosted its holdings in Ingram Micro by 16.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,369 shares of the company’s stock valued at $133,000 after acquiring an additional 917 shares during the period. Lind Value II ApS acquired a new position in Ingram Micro in the 2nd quarter valued at about $24,995,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Ingram Micro by 108.4% during the first quarter. Bank of New York Mellon Corp now owns 22,193 shares of the company’s stock worth $394,000 after purchasing an additional 11,543 shares in the last quarter.

Ingram Micro Company Profile

Ingram Micro is a leading solutions provider by revenue for the global information technology (“IT”) ecosystem helping power the world’s leading technology brands. With our vast infrastructure and focus on client and endpoint solutions (formerly referred to as commercial & consumer, as described elsewhere in this prospectus), advanced solutions offerings and cloud-based solutions, we enable our business partners to scale and operate more efficiently in the markets they serve.